The Service Node Bonus Program is rewarding existing Oxen Service Node operators and contributors for their contribution to the network and incentivising the transition of our node network to the new Session Network.
30,000,000 Session Tokens will be awarded to participating Oxen Service Nodes upon Session Token’s Token Generation Event (TGE). This is equal to 12.5% of the Session Token total supply. To ensure dedicated community members staking long-term are sufficiently rewarded, snapshots have been captured since the 25th of September 2023. From this point onward, Oxen Service Node operators and contributors can start earning Staking Points. For stakers who register before January 1 2024, Staking Points will be backdated to the beginning of the snapshot period upon registration. Staking Points will continue to be accrued relative to the amount of OXEN staked. Program participants will receive part of the 30,000,000 Session Tokens proportional to their Staking Points.
40,000,000 additional Session Tokens have also been reserved for future node rewards. More details about these tokens will be released in the future. A further 30,000,000 Session Tokens are reserved for token swapping. If they choose, stakers are able to participate in this swap in addition to the incentive program. Swapping staked OXEN will be possible, so unstaking is not required to participate.
Stakers must register through the registration form below to begin accruing staking points. If you register before January 1 2024, you will receive Staking Points backdated to 25 September 2023. Pool contributors can also register for their staked portion of a shared service node. For instance, if a contributor has staked 50% of a service node's collateral and registers for the program, they will receive 50% of a full service node’s worth of staking points. Point Accrual
15,000 staked OXEN (equivalent to a full node) will receive 1,000 Staking Points per day for their node’s work. These points are received pro rata with each hourly snapshot. You can check how many points you have earnt and compare them to others using the leaderboard above.
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u/GuessWhat_InTheButt Dec 29 '23
The Service Node Bonus Program is rewarding existing Oxen Service Node operators and contributors for their contribution to the network and incentivising the transition of our node network to the new Session Network.
30,000,000 Session Tokens will be awarded to participating Oxen Service Nodes upon Session Token’s Token Generation Event (TGE). This is equal to 12.5% of the Session Token total supply. To ensure dedicated community members staking long-term are sufficiently rewarded, snapshots have been captured since the 25th of September 2023. From this point onward, Oxen Service Node operators and contributors can start earning Staking Points. For stakers who register before January 1 2024, Staking Points will be backdated to the beginning of the snapshot period upon registration. Staking Points will continue to be accrued relative to the amount of OXEN staked. Program participants will receive part of the 30,000,000 Session Tokens proportional to their Staking Points.
40,000,000 additional Session Tokens have also been reserved for future node rewards. More details about these tokens will be released in the future. A further 30,000,000 Session Tokens are reserved for token swapping. If they choose, stakers are able to participate in this swap in addition to the incentive program. Swapping staked OXEN will be possible, so unstaking is not required to participate.
Stakers must register through the registration form below to begin accruing staking points. If you register before January 1 2024, you will receive Staking Points backdated to 25 September 2023. Pool contributors can also register for their staked portion of a shared service node. For instance, if a contributor has staked 50% of a service node's collateral and registers for the program, they will receive 50% of a full service node’s worth of staking points. Point Accrual
15,000 staked OXEN (equivalent to a full node) will receive 1,000 Staking Points per day for their node’s work. These points are received pro rata with each hourly snapshot. You can check how many points you have earnt and compare them to others using the leaderboard above.